Project Name

HealthyCoins ICO

Token Name

HealthyCoins

Ticker Symbol

HLTY

Blockchain Used

Ethereum

Website

What are cryptocurrencies anyway?

Cryptocurrency is a type of digital currency which uses encryption methodologies to adjust units of currency and verify fund transfers that are operated independently without any authority involved.

These cryptocurrencies are decentralized and completely away from any authority that is governing traditional (fiat) money. Though digital currencies have multiple usage, nowadays these currencies are often utilized in crowd sales i.e. funds raised by start-ups for a cause in the form of an Initial Coin Offering.

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.